AI
Thursday, January 20, 2022 10:34:48 AM
SQ/Afterpay expected to close feb 1
(5 day 132.33)
: Jan 12 (Reuters) - Australian buy now, pay later firm Afterpay Ltd (APT.AX) said on Wednesday its $29 billion buyout by payments firm Block Inc (SQ.N), previously known as Square Inc, has received approval from the Bank of Spain, making the deal fully unconditional.
With this approval, the companies can now implement the deal, which would be Block's biggest to date and the largest buyout ever of an Australian firm.
Afterpay said the deal is likely to close on Feb. 1. Its shareholders had in December overwhelmingly voted in support of the deal - 99.79% of the proxy votes were cast in favor. Block investors had approved the deal in early November.
(5 day 132.33)
: Jan 12 (Reuters) - Australian buy now, pay later firm Afterpay Ltd (APT.AX) said on Wednesday its $29 billion buyout by payments firm Block Inc (SQ.N), previously known as Square Inc, has received approval from the Bank of Spain, making the deal fully unconditional.
With this approval, the companies can now implement the deal, which would be Block's biggest to date and the largest buyout ever of an Australian firm.
Afterpay said the deal is likely to close on Feb. 1. Its shareholders had in December overwhelmingly voted in support of the deal - 99.79% of the proxy votes were cast in favor. Block investors had approved the deal in early November.
"Then there was a woman, a lion of a woman."
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